Dialight completes shipment on first phase of major project

Dialight has completed delivery of the initial phase of its one million dollar project for the Puerto Rico Aqueduct and Sewer Authority.

The FTSE 250 firm has taken the first step towards the major multi-phase operation by providing LED lighting fixtures for a waste water treatment facility in Puerto Rico at a value of $150,000.

The leading LED lighting technology company is working on six PRASA water treatment facilities which are due for completion next year.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

"In addition to the orders that we have seen coming from more traditional industries such as mining and oil and gas, this order, along with the recently announced US solar thermal power plant project, demonstrates an increasing penetration into the environmental and clean energy markets," Dialight's Group Chief Executive, Roy Burton, said in a statement Thursday.

"While our customers are acting sustainably through the services they provide, they are also have greater awareness of their own business consumption. The adoption of LED lighting enhances a company's green credentials through greater energy efficiency and a reduction in their carbon emissions, as well as proving to be economically beneficial."

The company is providing the facilities with hazardous and non-hazardous LED lighting fixtures including high bay, low bay, linear and wallpack - designed by the energy team at Honeywell International in Puerto Rico.

Dialight has a market capitalisation of £333.40m. Shares fell 1.51% to 1,041.00p at 9:40 Thursday.

RD